genesis
land conservancy
PHOTO: George and Marian's
gift of land is located near Humboldt.
|
charitable gift |
A charitable gift of land is one of the largest, most generous offerings
a person can make. A charitable gift will leave a lasting legacy and will
ensure your desire to protect your farmland indefinitely. Although it
requires relinquishing control of the land without financial profit, you
will receive tax benefits and be contributing to Genesis Land Conservancy
and the mission of the organization.
Benefits of a charitable gift:
-
Family land is protected for generations to come in the name of sustainable agriculture.
- The land wil be used for agricultural purposes and will stay in local hands.
-
A tax receipt will be issued at the time of donation for the full market value of the land which is donated.
-
The land is no longer applicable to the donor’s taxable estate or property taxes.
-
The donor no longer bears responsibility and expense for management of the land.
| Success Story
 |
George Burton began farming in 1953, mostly mixed farming with cattle, and then developed a certified seed business which he operated until his partial retirement in 1994. George had noticed the dilemma of maintaining a farm beginning in 1968. On later travels around the world, he noticed that other countries used long-term leases. This made him wonder if such an arrangement would work on the prairies, eliminating the need for young farmers to carry the debt burden associated with land ownership.
"I have always felt the need for something like that," Burton said. "The main reason for owning land is to have security of tenure, but there are other ways of doing it."
George Burton has been a supporter of Genesis Land Conservancy from the very beginning. It was only natural for him to want to become involved and help the organization.
In the fall of 2000, George and his wife, Marian, decided to contribute two quarters of farmland to Genesis. Like many older farmers, he doesn't have anyone to pass the farm to. Their four children had helped with the seed business, but none of them wanted to make farming a career. The gift of land was a viable option addressing both environmental and land tenure issues.
If you choose to give a gift, of land or other, you will recieve a tax credit for this, at its fair market value*, for more information on this contact your accountant.
| © 2005 Earthcare Connections |